This is a simple update to the Mayer Multiple script by Unbound , which charts an indicator created by Trace Mayer and popularized by Preston Pysh.
The original post identified any price below 2.4x the 100-day MA as the BTC buy threshold. While the logic there is historically sound, it does not account for the fact that the BTC trend is parabolic in nature. With...
Following Preston Pysh's "Bitcoin Mayer Multiple" study, I made this simple script to plot the Mayer multiple by calculating the ratio between bitcoin price and its 200-day moving average. It also plots the moving average of ratio itself.
The indicator Moving Average Channels was created for experimental purposes due to the parabolic moves BTC has made in the recent past.
How it works:
The basis, or center line, is a standard moving average that is set by the user.
The bands are then a customizable percentage of the basis.
Which based on the settings, could serve as possible support and...
Republished: The original script violated house rules by including an external link to Backtest Rookies.
Background
This is a simple “multi” SMA indicator so that multiple SMA’s can be monitored whilst only using a single indicator slot. It also has a couple of features that let you mix time frames and de-clutter the chart.
The code is open for anyone to...
On charts with medium or low volatility, this indicator behaves identically to standard Moving Average. On highly volatile charts, this indicator is more stable because the calculation is performed in log space. For convenience, the indicator starts from the second candle (much earlier than regular MA).
I had hard time to find a simple script to show EMA and SMA spread.
Bonus add for PT users :)
Set "buy_value" as you have in PAIRS.properties to show you when your buys will become potential.
Super simple.
Three simple moving averages all in a single indicator for your convenience.
Default values:
MA 1 - 20
MA 2 - 50
MA 3 - 100
If you like this or any of my other scripts - please consider chucking some BTC my way ;) 1LbFxAYJSVPxirT8eW31QHaGbySHyPYgMq
This script graphs 5 SMAs (20, 50, 100, 150, 200) and 5 EMAs (20, 50, 100, 150, 200). The first group uses blue and orange colors whereas the second one uses green and red. When a bar closes below a moving average, either orange or red will be used depending on which type of moving average and which period. In bullish mode, we show blue and green. Moving average...
This one is based on "Generic 8x MA Plotter" indicator, by @LazyBear.
It will plot three Moving Averages based on current time interval and seven based on chosen periods by hour, day, week and month. You will be able to see where is, for example, a 50 days SMA when using a 5 minutes time interval chart. I find it very useful to analyze, in a snap, possible price...
This is an extension of the Madrid Moving Average Ribbon public script to allow for different kinds of moving averages (the original allows only exponential and simple). Possible entries in the MA Type argument field are:
sma (simple moving average)
ema (exponential moving average)
wma (weighted moving average)
trima (triangular moving average)
zlema...
Mashed together the ema-bands from IvanLabrie with some moving average script stuff from ChrisMoody and LazyBear and this is the result. Credit goes to them, 'cause I don't know to how to code tbh. Just copy/pasted stuff untill I got the result I wanted.
Bands work as support/resistance among other things. You can use them to trade breakouts or reversals or...
See when two moving averages cross. With the option to choose between four moving average calculations:
SMA = simple moving average
EMA = exponential moving average (default)
WMA = weighted moving average
Linear = linear regression
The moving averages can be plotted from different time-frames, like e.g. the weekly or 4 hour time-frame using HL2, HLC3 or...
Trade Archer Moving Averages has been updated!
Description:
Moving averages are one of the cornerstones to technical analysts tool box. There are several different kinds of moving averages of which the most common can be selected. Up to four moving averages may be configured and displayed with the option to show clouds between them. Additionally I have added a...
![WIN1!: [naoligo] 10x MA (H, D, W, M)](https://s3.tradingview.com/g/G7JSAvg8_mid.png "[naoligo] 10x MA (H, D, W, M)")
